Pulsar Helium Announces Brokered Private Placement

Pulsar Helium Inc. Follow | PLSR has unveiled plans for a brokered private placement to raise up to US$7.5 
million by issuing 19,736,842 common shares at US$0.38 each (approx. GBP£0.30). The 
funds will primarily support exploration and development at the company’s Topaz project in 
Minnesota, with the goal of constructing the region's first helium and CO2 production 
facility. 

Highlights include the appointment of University Bank as the placement agent for the 
private placement, earning a 6% commission on US-based placements. Additionally, 
University Bancorp will provide a potential line of credit worth US$4.0 million to a major 
shareholder, ABCrescent Coöperatief U.A., enabling the exercise of 15.5 million 
warrants at a price of C$0.36. On the operational front, drilling operations are set to 
deepen the Jetstream #1 well by a min of 1,640 feet, aiming to access the full height of a 
helium reservoir, which has previously reported helium concentrations of 14.5%. 

The project is strategically positioned to address rising helium demand, a critical input for 
industries such as semiconductors, medical imaging, and aerospace. The private placement is 
subject to regulatory approvals and includes a four-month hold period for issued securities. 

Thomas Abraham-James, President & CEO of Pulsar, welcomed the strong support from 
US institutional investors, highlighting their shared vision for Pulsar to become a key 
player in the domestic helium market. He noted that the private placement, if fully 
completed, will secure funding for the company's upcoming work programs, with 
additional potential funding from a major shareholder's warrant exercise. The ultimate 
goal is to reach a final investment decision on building Minnesota's first helium 
production facility at the Topaz project. 

View from Vox: 
Pulsar Helium’s announcement underscores its ambition to be a significant player in the 
North American helium market. With global helium demand outstripping supply and prices 
climbing, the company's Topaz project is a high-potential venture. Identified helium 
concentrations of 14.5% are well above the industry’s economic threshold, indicating a 
promising resource base. 

The private placement ensures Pulsar is adequately funded for its drilling and development 
goals, a critical advantage for advancing to production. The inclusion of a CO2 stream as a 
byproduct strengthens the project's economic viability, providing an additional revenue 
stream. As helium is classified as a critical resource, Pulsar’s Minnesota project could receive 
favourable attention from industries and policymakers eager to reduce reliance on imports. 
Pulsar presents a speculative yet promising opportunity in a market poised for growth.